Total and Permanent Disablement (TPD)

Pays you a lump sum amount if you become completely disabled due to illness or injury.

If you had to stop working long before you expected, you would still need to be able to pay for your ongoing expenses. In this circumstance, you could use a TPD benefit to spend on whatever you choose. In most cases it’s used to pay off or reduce debt and to help pay for ongoing rehabilitation, treatment and lost income.

Income Protection

Pays you a monthly amount to compensate for your lost income resulting from a disability due to an injury or illness.

How long could you and your family manage without your income if you were unable to work because of illness or an accident? Income protection can help you pay the bills and other expenses by providing a regular income


Redundancy Cover

Pays you a monthly benefit for up to six months if you are made involuntarily redundant.

Often the benefit does not provide the same income that you would be receiving whilst working. This shortfall can make it difficult to meet basic living costs and other expenses such as your mortgage payments. Redundancy cover closes this gap, and takes the pressure off so that you are able to meet short term financial obligations whilst looking for your new job.

*It can only be taken out with Income Cover and/or Mortgage Repayment Cover


Mortgage Repayment Cover

Pays you a monthly amount to cover your mortgage repayments if you become totally disabled as a result of injury or illness.

Your mortgage is often your biggest asset as well as your biggest expense, so it makes sense to ensure that it’s covered should anything happen to you. No one wants to face having to move themselves and their loved ones out of the family home in rough times. Safeguard your family’s future and ensure your home stays in your hands.

Did you know? In the year to June 2015 average weekly mortgage payments were $400.20*

*Statistics NZ Household Economic Survey (Income). Year ended June 2015


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